Russian Gazprom's deal with Iran could prompt further cooperation


Al-Monitor PRO Members


Dr. Bijan Khajehpour

Managing Partner, Eurasian Nexus Partners, Vienna, Austria


July 28, 2022

Bottom Line:  

The memorandum of understanding worth about $40 billion signed between Russia’s Gazprom and the National Iranian Oil Company (NIOC) last week is not going to lead to massive Russian investments in the Iranian gas sector, but it has the potential to create paths of cooperation and bring the two gas giants closer to each other.  

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